The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

Also I would buy tax deed land for say 2k sell it a few months later for 10k on terms that was my cash flow. 

The entire teachings had gone from Nickersons conservative but a cash flowing small residential property, hopefully for 10 -15% below market, do immediate repairs, then slowly over time improve the property and raise rents, either refi cash out or trade tax free for a larger property.

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

Tax liens2.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

I had no idea who we were working with as I was lead to believe it was one of his clients from his tax business.

We have sold (tax free), kept as long term and/or short term rentals as well.

For tax purposes, you really just need to have everything aligned to the schedule E categories.